The US considers the option of dissuading US companies from investing in Saudi Arabia

Oct. 18 (EUROPA PRESS) –

The United States is considering the option of dissuading US companies from doing future business or investing in Saudi Arabia in the face of the latest decision by the Organization of the Petroleum Exporting Countries and its allies (OPEC+), which included a review of oil markets. with the consequent reduction in production.

In addition to trying to limit commercial ties with Riyadh, the Biden Administration will also not send any representatives to the country’s Future Investment Initiative annual conference, although this decision was already made before OPEC+ decided to reduce its crude production, according to An American official has informed the NBC network.

In this sense, he explained that there have been scheduling problems to send a “high-profile” candidate to the conference, also called ‘Davos del Desierto’, which is being held in the country’s capital next week and starts on Tuesday. 25.

The White House warned last week of a clear “rupture” in the relationship between the two nations, for which Washington announced that it was going to “review” diplomatic relations with Saudi Arabia after accusing Riyadh of aligning itself with Moscow in the framework of the energy fallout from the Russian invasion of Ukraine.

In this sense, Riyadh rejected the critics that describe his position as “a position in international conflicts” –in reference to the war in Ukraine– and “a politically motivated decision against the United States.”

“There will be some consequences for what they have done with Russia,” said US President Joe Biden in an interview with the television network, although he did not specify what measures could be involved. “I have it in mind,” he said.

Biden’s words came after OPEC+ announced that it would adjust oil production down by 2 million barrels per day, something that sparked criticism from senior White House officials and members of the US Congress.